Up because you're about to get angry. Hey. Richard before you go a little little bit of a curveball because we have some news just out this coming from that says that house dems proposed ban on stock trading and that they plan to make that proposal early next month. I love your thoughts on that given the conversations we've had over the years about the fed uh and fed members trading or now.

Now uh. No longer trading. How you feel about members of congress trading. There's been an issue um in the news or their spouses or their spouses uh.

Given politicians and her husband's involvement in trading. Yeah. Paul pelosi. Gained a lot of attention.

I i worry a little bit that with regard to the fed. Which is what i care about you need to have people. Liz is a good example of with market backgrounds who understand how markets operate and the strictures that they put in place. And you know how that derives from my successor at the dallas fed uh.

I'm worried that they're going to take away any sense of market sensibility. So i hope they don't screw that down too hard with regard to the house and the senate clearly people have taken advantage of inside information forever. I am not against they're tapping that down. And i'm sorry to see that paul pelosi of nancy pelosi and others are appear.

It's all appearance right now. We don't know the facts to have taken advantage of inside information so something needs to be done. But let's be careful with the fed you need people. Rob kaplan.

By the way was a great assistance to the committee and to the chair. He understood markets so i'm a little bit worried about this as we go through time. I've definitely taken advantage of insider information. That's kind of why i've said this before i'll say it again there's two things that i think need to be really discussed about this number.

One is it's always let's stop congress from trading stocks a lot of the things we talk about let's just even use. Paul. Pelosi or nancy pelosi or many of the top gainers in our congress trading pool they're trading options this is one of my biggest fears in this whole debacle is everyone's like let's stop them from trading stocks. So even if that's one they're like okay cool.

We won't trade socks. They are trading millions and millions and millions dollars of worth of options let's not let them get in that little i guess technicality of we just said stock trading. We're talking about trading. I think there is a very real possibility that that's how they like find this particular like loophole they're like fine.

We'll just trade options. We just agreed to not trade socks. So that's a big fear of mine and the other side of this is even there. It's paul pelosi training and obviously.

He's married to nancy pelosi and so then they're talking about spouses. But like what if you have kids what if you have cousins was it if you have aunts or uncles. What if you have friends all this stuff. It's there's other clear loopholes.

What if paul pelosi is like fine. We'll get a divorce. But i'll still just live with you and we'll talk every day and we'll act like we're married. But in the eyes of the law.

We'll just not be married can she then give him information. There's too many things to worry about of like okay. What if you're in congress and you get married what if you get divorced what if you have positions when you come into office. Do you have to get out of them i still think the easiest solution to all of this is there has to be notifications given out publicly before they trade.

So even the day before i am completely fine with that i think that is a very very fair solution to this problem of if the pelosi's want to trade cool you file. It today and you can execute the trade on the 29th just a one day heads up because right now. It's a 45 day window. And then when it gets to the public.

There is a potential for it to be another 45 days so right now in the eyes of the law. It can be a 90 day period. A three month period before we find out anything why not just file reports people can look at the website. As they want and the next day they're allowed to trade exactly what was in the report as long as there is a notification to the public of what's going to happen before it actually happens.

I think that's a fair solution. I think that's an absolutely fair solution let them keep trading. But let's just get the information in a more timely manner. I think that's the best way to really solve what the hell is going on.

But it is absolutely disgusting.